NOT LISTED FOR SALE

1925 Arpa Way Las Vegas, NV 89108

Michael Way Neighborhood

Estimated Value: $707,000 - $925,000

12 Beds
8 Baths
4,768 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 17, 2013

Last sale price $289,000 $61 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $4,703/month

171 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of May 2013

$40,000 + A YEAR-INCOME approx.-Gov't Pays on 1$t of Month GAURANTEED! 4 Sec 8 tenants. Make appt listing agent. $80,000+ upgrades. Built 1991. No Hoa! 4 units/3 bed/2 bath 1150+sqf each. Big 4-Plex-Appr 5,000 sqf. Washer/Dryer/fireplace/Granite. 2 Backyards.As-Is Sale. Buyers,Buyers Agent to verify all info. buyer to pay difference

Last Agent to Sell the Property

Jonathan Fazal

United Real Estate License #B.0049896 Listed on: 10/27/2012

United Real Estate

Last Buyer's Agent

Marisol Drake

Realty ONE Group, Inc License #S.0047879

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,925

Year Built

  • Built in 1991

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in average condition

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 4,768 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • Sierra Oeste #2 Subdivision
  • Maintenance Expense $3,000

Listing and Financial Details

  • Legal Lot and Block 30 / 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,925

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 9.92
  • Subdivision Name: SIERRA OESTE #2
  • Directions: Lake Mead / Jones. - go west, make first left on to Arpa Way. House is 3rd on Left.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1991
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1991

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Flooring: Carpet, Hardwood, Other
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Blinds

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Block
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle, Tile

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2200.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 6970.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 39655.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3000.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 2925.0
  • Tax Block: 1
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2012
Closed on
May 15, 2013
Sold by
Fazal Jonathan H
Bought by
Malamud Herman L
Seller's Agent
Jonathan Fazal
United Real Estate
Buyer's Agent
Marisol Drake
Realty ONE Group, Inc
List Price
$650,000
Sold Price
$289,000
Premium/Discount to List
-$361,000
-55.54%
Current Estimated Value
$827,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$538,972
Avg. Annual Appreciation
8.90%

Purchase Details

Listed on
Nov 22, 2011
Closed on
Mar 8, 2012
Sold by
Ko Romeo P and Ko Benita U
Bought by
Fazal Jonathan H
Seller's Agent
sheila adiele
Bold Step Realty LLC
Buyer's Agent
Jonathan Fazal
United Real Estate
List Price
$155,000
Sold Price
$133,000
Premium/Discount to List
-$22,000
-14.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.97%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Malamud Herman L $289,000 Equity Title Of Nevada
Fazal Jonathan H $133,000 Equity Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malamud Herman L $147,000
Previous Owner Ko Romeo P $302,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2013 05/17/13 Sold $289,000 -55.5% $61 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
10/27/2012 10/27/12 For Sale $650,000 +388.7% $136 / Sq Ft
03/09/2012 03/09/12 Sold $133,000 -14.2% $28 / Sq Ft
02/08/2012 02/08/12 Pending -- -- --
11/22/2011 11/22/11 For Sale $155,000 -- $33 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,710 $147,454 $54,950 $92,504
2024 $3,436 $147,454 $54,950 $92,504
2023 $3,436 $133,370 $47,600 $85,770
2022 $3,181 $123,779 $42,000 $81,779
2021 $2,946 $111,410 $32,900 $78,510
2020 $2,733 $109,131 $30,800 $78,331
2019 $2,561 $107,584 $29,400 $78,184
2018 $2,444 $102,707 $26,600 $76,107
2017 $3,114 $94,988 $18,375 $76,613
2016 $2,288 $83,957 $15,400 $68,557
2015 $2,283 $78,554 $14,000 $64,554
2014 $2,212 $65,465 $11,200 $54,265
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Fazal

    Seller's Agent in 2013

    Jonathan Fazal

    United Real Estate

    (702) 574-5178

    2 Total Sales

    Jonathan Fazal
    Section Image

  • M

    Buyer's Agent in 2013

    Marisol Drake

    Realty ONE Group, Inc

    (702) 280-0560

    3 in this area

    35 Total Sales

    Marisol Drake
    Section Image

  • s

    Seller's Agent in 2012

    sheila adiele

    Bold Step Realty LLC

    (702) 498-2289

    34 Total Sales

    sheila adiele
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1296420

Las Vegas REALTORS®

APN: 138-23-711-012

Nevada Clark County Las Vegas 89108 Michael Way

1925 Arpa Way, Las Vegas, NV

This home is located at 1925 Arpa Way, Las Vegas, NV 89108 since 27 October 2012 and is currently estimated at $827,972, approximately $173 per square foot. This property was built in 1991. 1925 Arpa Way is a home located in Clark County with nearby schools including Paul E. Culley Elementary School, J. Harold Brinley Middle School, and Western High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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